Undermining shared prosperity? Risk shifting and Islamic banking
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Automatically, risk shifting is absent in an ideal Islamic financial system (The Kuala Lumpur Declaration, 2012). Creating an opportunity for shared prosperity is a litmus test of the authenticity of Islamic banking. The present formation of Islamic finance has grown out of conventional finance and it uses its instruments.
Islamic finance , Risk shifting , Risk , Islamic banking
Alaabed, A., Mohammed Masih, A. M., & Mirakhor, A. (2015, September 8). Undermining shared prosperity? Risk shifting and Islamic banking. Paper presented at the World Bank and Islamic Development Bank Inaugural Annual Symposium on Islamic Finance 2015, Istanbul, Turkey.